Bringing the Developmental State Back in the Age of Exponentiality
In: S.J. Baek, ed. The Political Economy of Neo-Modernisation: Rethinking the Dynamics of Technology, Development and Inequality. London: Palgrave Macmillan, 2018, pp.273-304
Posted: 24 Sep 2018
Date Written: July 24, 2018
Although there have been significant warnings against the forthcoming Industrial Revolution, no one is able to confidently predict the future of convergence technologies and innovations. Nevertheless, states must be prepared for this uncertain future and be ready to mark new paths of innovation and development. As long as the role of a state is embraced, the Tetris principle is introduced to systemise how a state designs and implements its policy framework to maximise socio-economic benefits while dealing with those future uncertainties. In particular, the policy directions on how to transform such uncertainties into opportunities are proposed on the basis of the Tetris principle, which considers a convergence between innovation, policymaking capacity, fairness and justice, human capital for convergence, and an ageing society.
Keywords: Neo-Developmental Statism, Tetris Hypothesis, Innovation and Convergence, Policymaking Capacity, Fairness and Justice, Human Capital, Ageing Society, The Fourth Industrial Revolution
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